Page:United States Statutes at Large Volume 73.djvu/693

 ITSSTATJ

PUBLIC LAW ae^ia^-sEPT. aA^usfi

66S

insurance prior to the beginning of construction, unless the construction of the dwelling was completed more than one year prior to the application K>r mortgage insurance or the dwelling was approved for guaranty, insurance, or direct loan under chapter 37 of title 38, United States Code, prior to the beginning of 72 sta^tj_ 1203; construction, 90 per centum)"; • ante, p. (3) by striking out ", and which is approved for mortgage insurance prior to the beginning of construction" and "the construction of"; and (4) by striking out the comma following the word "highway" and everything that follows and inserting a period in lieu thereof. SECTION 2 0 7 RENTAL HOUSING INSURANCE

12 USC 1713.

SEC. 104. (a) Section 207(c)(1) of the National Housing Act is amended by striking out "$12,500,000" and inserting in lieu thereof "$20,000,000". (b) Section 207(c)(3) of such Act is amended by striking out— (1) "$2,250" each place it appears and inserting in lieu thereof "$2,500".; (2) "$8,100" each place it appears and inserting in lieu thereof "$9,000"; (3) "$2,700" and inserting in lieu thereof "$3,000"; 4) "$8,400" and inserting in lieu thereof "$9,400"; [6) "$1,000 per room" and inserting in lieu thereof "$1,250 per room"; (6) "$1,000 per space" and inserting in lieu thereof "$1,500 per space"; and (7) "$300,000" and inserting in lieu thereof "$500,000". (c) The last paragraph of section 207(c) of such Act is amended by striking out "41/^ per centum per annum" and inserting in lieu thereof "5i^ per centum per annum". (d) Section 207 of such Act is further amended by adding at the end thereof the following new subsection: " (r) Notwithstanding any other provision of this Act, the Commissioner is authorized to include in any mortgage insured under any title of this Act after the effective date of the Housing Act of 1959 a provision requiring the mortgagor to pay a service charge to the Commissioner in the event such mortgage is assigned to and held by the Commissioner. Such service charge shall not exceed the amount prescribed by the Commissioner for mortgage insurance premiums applicable to such mortgage." (e) Section 207 of such Act is further amended— (1) by striking out "(except provisions relating to housing for elderly persons)" and "(except with respect to housing designed for elderly persons, with occupancy preference therefor, as provided in the paragraph following paragraph (3) of subsection (c)) " in subsection (b); (2) by striking out in subsection (c) the unnumbered paragraph following paragraph (3); and (3) by striking out "section 210 and section 213" in both places where it appears in subsection (f) and inserting in lieu thereof the following: "sections 210, 213, 231, and 232".

69 Stat. 635.

COOPERATIVE HOUSING INSTTRANCE

SEC. 105. (a) Section 213(b)(1) of the National Housing Act is amended by striking out "$12,500,000" and inserting in lieu thereof "$20,000,000".

^o Stat. 1092.

^3 Stat. 807. ^° ^*"** ^°^^*

7o Stat. 1092.

^7 Stat. 123. ^^ Stat. 53.

12 USC 1715e.

Stat. 635.

�